Monday Market Highlights: 12 August 2024

In this week's Milford Monday Market highlights, Dealer Brendan Larsen discusses the major volatility witnessed across markets in recent weeks, and dives into why the unwind of the Japanese Yen carry trade and fears of a greater US economic slowdown were two root causes. He also discusses how US initial jobless claims and the ISM services report last week ease some of these fears of a more abrupt slowdown in US growth. Brendan also discusses the RBA, where the Board kept rates on hold but delivered a hawkish message, and New Zealand employment numbers. In equity news, Brendan touches on Life360’s second quarter result, and Tower’s current upgrade cycle.

 

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